Here are stocks that are in news today:
Results Today: Nestle India, Abbott India, Rain Commodities
Hathway Cables
-Reliance Capital Trustee buys 0.83 percent stake in company at Rs 236.80/share
-Ups take to 7.4 percent from 6.58 percent
The Children's Investment Fund (TCI):
-Writes to board of Coal India (CIL) demanding higher dividends
-Reiterates charges against Coal India directors
TCI says:
-Coal India hoarding cash above realistic biz needs
-CIL failed to deliver decent returns since listing in 2010
-Share price been flat due to mismanagement of resources
-CIL has capacity to pay out 100 percent of its PAT in dividends
-CIL's cash balance should be used for higher dividends
-CIL's cash balance should be used for share buybacks
RIL , BP:
-To invest over USD 5 billion in 3-5 year to raise KG-D6 gas output
-Update government on KG-D6 block enhancement plan
-Plan to develop 4 trillion cubic feet (tcf) natural gas resources from KG-D6
Jaguar Land Rover (JLR) (subsidiary of Tata Motors ) developing 2 Litre diesel engine for new SUV: CNBC-TV18 Exclusive (Sources)
-Proposed SUV to be smallest from JLR till date
Alert: Currently JLR's Evoque has the smallest engine of 2.2 litre diesel
-New SUV may be big volume driver for JLR in emerging markets
-Project part of collaborative work between JLR & Tata Motors
-JLR & Tata collaborating in area of vehicle hybridisation
JLR spokesman:
-Have announced plans of new engine plant at Wolverhampton
-New engine plant looking to develop smaller engines
CCI to consider clearance to 12 coal projects today: PTI
-May take up reallocation of NTPC's North Karanpura project
ICICI Bank CMD Chanda Kochhar:
-Have got licence for infra debt fund
-Infra debt fund has equity capital of Rs 300 crore
-NBFC includes LIC, Bank Of Baroda, ICICI Bank & Citibank
-Infra debt fund can finance projects up to USD 2 billion
MCX-SX says
-Incentives for equity segment to offset around 64 percent of STT charges
-Incentives for stock futures to offset around 37 percent of STT
-To waive transaction cost & additional incentive of 50 percent of cost on passive orders
BSE forms strategic partnership with S&P
-All BSE indices to be co-branded along with S&P
-BSE MD: Sensex to be renamed S&P BSE Sensex
Other stocks and sectors that are in news today:
- Raymond : Bombay HC approves demerger of Jalgaon unit into Raymond w.e.f. April 1, 2012
-AAI asks Kingfisher to pay Rs 390 crore in dues before resuming operations: PTI
- Indian Overseas Bank to allot 12.7 crore shares to govt at Rs 78.68/share
- United Bank to cut base rate by 20 bps to 10.25 percent w.e.f. February 25
- Gujarat NRE Coke board okays issue of FCCBs worth up to USD 60 million
- GVK Power promoter Krishnaram Bhupal cuts 2.1 percent stake to 9.58 percent via off-market disposal
-Other flyers follow Jet in slashing air fares, Jet offers 40-60 percent discount
-Investor group opposes demerger of fashion biz by Pantaloon Retail , says would dilute voting rights: ET
-Reader’s Digest bankruptcy may affect HCL Tech (company has USD 350 million deal contact with RDA for 7 years)
- Binani Industries plans to sell 40 percent stake in cement subsidiary: ET
- Lanco Infratech looking to sell 3 power projects to its Malaysian partner Genting: BS
- Future Ventures frontrunner to acquire Spykar: TOI
